Michael D. Tanner of the Cato Institute has some details of the grand compromise supposedly on the table in the Senate. It threatens rural hospitals, state budgets, and the national budget, to start with.
Apparently one feature of the plan apes the health benefits program offered to federal employees. There’s a certain populist appeal to that–”hey, if it’s good enough for Congress, it’s good enough for us.” Other people may think of it as the model of a market.
Yet the Federal Employees Health Benefit Program is no more a “market” than your choice between a family or an individual plan from your employer. It is simply the way one employer happens to offer health insurance. To be sure, it offers more choices than the typical worker faces, but it has its own problems.